Bank of New York Mellon Corp reports results for the quarter ended March 31 - Earnings Summary

• Bank of New York Mellon Corp BK.N reported quarterly adjusted earnings of $1.58​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.29. The mean expectation of fifteen analysts for the quarter was for earnings of $1.51 per share. Wall Street expected results to range from $1.40 to $1.62 per share.

• Revenue rose 6.3% to $4.75 billion from a year ago; analysts expected $4.77 billion.

• Bank of New York Mellon Corp's reported EPS for the quarter was $1.58​.

• The company reported quarterly net income of $1.15 billion.

• Bank of New York Mellon Corp shares had fallen by 8.7% this quarter and lost 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.3% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "buy"

• Wall Street's median 12-month price target for Bank of New York Mellon Corp is $94.00

This summary was machine generated from LSEG data April 11 at 11:31 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)